Sharenet Sites 
Sharenet Sites
Disposal of Kragujevac Plaza and Krusevac Shopping Park
NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle”)
DISPOSAL OF KRAGUJEVAC PLAZA AND KRUSEVAC SHOPPING PARK
INTRODUCTION
NEPI Rockcastle is pleased to announce that on 14 June 2021, through its wholly owned subsidiary NE Property B.V.,
(“the seller”), it has entered into a binding agreement (“the agreement”) to dispose of 100% of the shares in the
subsidiaries holding two Serbian retail properties, Kragujevac Plaza (including extension plot) and Krusevac Shopping
Park (including extension plot) (“Serbian properties”) (“the disposal”), to CEE BIG BV (“the purchaser”).
RATIONALE AND USE OF PROCEEDS
The disposal is consistent with NEPI Rockcastle’s investment strategy to focus on core dominant properties and increase
its presence in countries with investment grade rating. Following the disposal, NEPI Rockcastle will retain one core
property in Serbia, Promenada Novi Sad.
The aggregate consideration for the Serbian properties is €60.8 million and is payable at the completion date. The net
proceeds from the disposal will be used to fund NEPI Rockcastle’s pipeline of acquisitions and developments.
PROPERTY SPECIFIC INFORMATION
The Serbian properties had an aggregate book value (based on their fair values) of €58.3 million on 31 December 2020.
Details of the Serbian properties are set out below:
Property Location Year acquired/ Gross lettable Valuation Annualised
opened area* (€ million) passing rent
(m2) (€ million)
Kragujevac Plaza Kragujevac, 2012/2014 22,300 46.6 4
(and extension plot) Serbia
Krusevac Shopping Krusevac, 2019 8,600 11.7 1
Park (and extension Serbia
plot)
*excluding temporary GLA and terraces
The above properties were fair valued as of 31 December 2020 by Jones Lang LaSalle, an external, independent
professional valuer, with appropriate and recognised qualifications, and recent experience in the location and category
of property being assessed.
TERMS OF THE DISPOSAL
The final cash consideration will be determined at the completion date, considering the subsidiaries’ financial statements
as of that date.
The disposal is subject to the unconditional approval of the Serbian Competition Council. The agreement contains
warranties, indemnities and undertakings which are typically associated with transactions of this nature.
CATEGORISATION OF THE DISPOSAL
The transaction is not categorisable in terms of the JSE Listings Requirements and the information in this announcement
is presented for information purposes only.
For further information please contact:
NEPI Rockcastle plc
Alex Morar/Mirela Covasa +44 1624 654 704
JSE sponsor
Java Capital +27 11 722 3050
Euronext Listing Agent
ING Bank +31 20 563 6685
Media Relations mediarelations@nepirockcastle.com
15 June 2021
Date: 15-06-2021 09:15:00
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